Wednesday, 21 June 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 21 JUNE 2017

Cotton trading range for the day is 19800-20140.Cotton prices ended with losses on anticipation of good production in the next season as sowing progress in the country starts in a brisk manner.
Cotton has been sown on 16.67 lakh hectares, 2017 across the country compared to 12.25 lakh hectares during the same period previous year.Acreage under cotton has jumped around 30 per cent as farmers in Haryana, Punjab and Karnataka have increased the area on better price.
Cotton prices in spot market dropped by 130.00 rupees and settled at 20280.00 rupees.


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